HOW WILL COVID-19 IMPACT YOUR INSURANCE AGENCY

HOW WILL COVID-19 IMPACT YOUR INSURANCE AGENCY?  Marc Greene, Senior Managing Partner at General Insurance Brokerage provided excellent insight for Tim Dodge’s Article at AgencyEquity.com. Tim Dodge quotes Marc as follows: “Marc Greene of General Insurance Brokerage sees a stable M&A marketplace and a potentially favorable lending environment. He notes proposals in Congress to hike the U.S. Small Business Administration’s lending authority and waive…

The Valuation Gap

Buyers and sellers of insurance agencies see value differently. Sellers have usually spent a long period of time building the business and have an emotional attachment. Buyers of insurance agencies have no emotional attachment whatsoever and typically look strictly at the numbers. Understanding the dynamics of buyers and sellers goes a long way towards getting…

What a Seller Needs to Know About EBITDA

According to Wikipedia, EBITDA is a company’s earnings before interest, taxes, depreciation and amortization. This information is used to determine the profitability a company’s operations. So how can this indicator make or break the sale of an insurance agency? If your agency is profitable, diversified, managed at an optimal level, you shouldn’t have anything to…